Management Accounts - What we do

Management Accounts reports are the lynchpins for decision making processes. Reports need to be crisp, unambiguous, with a laser like focus on the business and customised as per specific operation and scale. At Outbooks, the teams help clients and accountants by identifying and bringing to their notice opportunities and risks, which adds immense value to services.

Management account helps managers within the company to make decisions. They review performance reports to note variance between the actual result from budgets. The primary function of management accounting includes:

  • Forecasting the future.
  • Make-or-buy decisions.
  • Forecasting cash flow.
  • Analyzing ROR and understanding performance variance.


Profit and Loss Reporting
  • A Profit and Loss Report (P&L) is a report that shows your total Income and your total Expenses in a specific period. It's a useful report as it shows you your net profit (or loss) based on your Income & Expenses, and that can be used to come up with some cost cutting strategies.
  • The P&L statement is issued every quarterly and annually along with cash flow and the balance sheet. It provides statement reports on revenue of the company (yearly or quarterly), expenses incurred to generate the revenue, tax and depreciation, and earnings per share number.
Balance Sheet Reporting
  • The accounting balance sheet is one of the major financial statements used by accountants and business owners. (The other major financial statements are the income statement, statement of cash flows, and statement of stockholders' equity) The balance sheet is also referred to as the statement of financial position.
  • The balance sheet presents a company's financial position at the end of a specified date. Some describe the balance sheet as a "snapshot" of the company's financial position at a point (a moment or an instant) in time.
Ledger Management

Ledger management oversees the recording and reporting of the bookkeeping (journal) entries that show all the business’s transactions (cash, accounts receivable, investments, inventory, accounts payable, accrued expenses and customer deposits). The master set of accounts that summarize all transactions is call the general ledger for which there may be a set of subsidiary ledgers.

The different general ledger management system includes financial accounting, internal and external audits, or segregation of duties. General ledger concepts refer to double-entry accounting which means basic accounting equations and journals.

General ledger evaluates financial transactions such as profitability, liquidity, cash flow statement, income statement, trial balance and balance sheet. It also provides accurate financial record, makes tax return filing easy, and spot unusual accounting.

Prediction of Cash Flow

Cash flow planning ensures there is enough cash in the bank for the business to pay its bills, but prediction of cash flow can help a business if it’s considering expansion, investment in new products, moving to larger premises, or recruiting staff. Prediction of cash flow can show a business how it can cut down on overheads, identify new investment, or generate more sales.

Forecasts to Assist Planning of Budgets

The forecasted budget is important to provide measurement metrics to assess financial progress. If budgeting is the process of planning your business’s revenue and expense figures for a specific period of time, forecasting is the process of analysing trends to predict future business results. Based on the business’s most up-to-date figures, this process identifies available cash flows and allocates financial resources for spending. Forecasts should be performed regularly, normally after release of financial statements (month-end or quarter-end) to show summarised projections of revenue and expenses.

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Services Offered

Remote bookkeeping services that keep clients books in perfect order, updated as per agreed/desired turnaround time, without interrupting routine operations.

High calibre, dynamic resources for secretarial duties, to meet statutory requirements, compliance and services of a transactional nature.

Timely computation of various types of tax, hassle free filing of returns, and expert assistance in making a fully compliant presentation to tax authorities.

Clutter free, cost efficient, and hassle free submission of year end accounts and CT returns to fully avail legitimate exemptions.

Customized payroll to handle complex unique requirements, backed by specialist accounting knowledge for HMRC complaint and BACs approved solutions.

KPIs and crisp real time reports to help clients gain an edge over competition, charting a path to steady growth and expansion across domains.